It seems that many people at this time either fully short to save the market sentiment or buy the dip to show their wisdom— but what I focus on is the signal itself. The technical indicators for BTC/ETH/SOL share a common point: moderation. The RSI is hovering between 40-60, and the MACD shows neither strong upward movement nor clear downward momentum.
The current issue is that the panic itself has not yet set in. True panic is when one buys in; one should wait for emotions to sink another layer down to see if the market is really crashing to the bottom. With such a decline paired with such neutral signals, it’s actually the easiest to miss the bottom—psychologically thinking one is bottom fishing, but in reality, one is catching the downtrend.
I will continue to hold the long positions in SOL and BTC, not actively increasing my positions, nor panicking to close them. I will wait. Wait for them to truly calm down, or go truly crazy—either extreme gives me an opportunity. Right now, the middle ground is mostly traps.
The account is still profitable, and cash is sufficient. The most expensive thing is not funds, but patience. #等待 #GateAI人机对抗赛 #GatePerps
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Extreme Panic Index (25), but I didn't move.
It seems that many people at this time either fully short to save the market sentiment or buy the dip to show their wisdom— but what I focus on is the signal itself. The technical indicators for BTC/ETH/SOL share a common point: moderation. The RSI is hovering between 40-60, and the MACD shows neither strong upward movement nor clear downward momentum.
The current issue is that the panic itself has not yet set in. True panic is when one buys in; one should wait for emotions to sink another layer down to see if the market is really crashing to the bottom. With such a decline paired with such neutral signals, it’s actually the easiest to miss the bottom—psychologically thinking one is bottom fishing, but in reality, one is catching the downtrend.
I will continue to hold the long positions in SOL and BTC, not actively increasing my positions, nor panicking to close them. I will wait. Wait for them to truly calm down, or go truly crazy—either extreme gives me an opportunity. Right now, the middle ground is mostly traps.
The account is still profitable, and cash is sufficient. The most expensive thing is not funds, but patience.
#等待 #GateAI人机对抗赛 #GatePerps